Global demand to be about 35 percent higher in 2030 versus 2005;
demand in the developing nations will rise more than 70 percent

Natural gas will be fastest growing major energy source, overtaking
coal as the second-largest global energy source behind oil, and
serving as a reliable, affordable and clean fuel for a wide variety of
needs

IRVING, Texas--(BUSINESS WIRE)--Expanding prosperity for a growing world population will drive an
increase in energy demand of about 35 percent by 2030 compared to 2005,
even with significant efficiency gains, and natural gas will emerge as
the second-largest energy source behind oil, Exxon
Mobil Corporation (NYSE:XOM) said today as it released its new
edition of Outlook
for Energy: A View to 2030.

The growing use of natural gas and other less-carbon intensive energy
supplies, combined with greater energy efficiency in nations around the
world, will help mitigate environmental impacts of increased energy
demand. According to the Outlook, global energy-related carbon
dioxide emissions growth will be lower than the projected average rate
of growth in energy demand.

“Our energy outlook clearly points to a growing demand for energy
globally which reflects improving living standards for millions of
people around the world. ExxonMobil will continue to invest in
technology and innovation to develop new economic energy supplies to
help meet this demand while looking for ways to reduce environmental
impacts,” said Rex W. Tillerson, chairman and chief executive officer.

“The forecasts also show a shift toward natural gas as businesses and
governments look for reliable, affordable and cleaner ways to meet
energy needs,” Tillerson said. “Newly unlocked supplies of shale gas and
other unconventional energy sources will be vital in meeting this
demand.”

The Outlook for Energy is developed annually to help guide
ExxonMobil’s global investment decisions. The company shares the
findings publicly to increase understanding of the world’s energy needs
and challenges. The outlook is the result of a detailed analysis of
approximately 100 countries, 15 demand sectors and 20 fuel types and is
underpinned by economic and population projections and expectations of
significant energy efficiency improvements and technology advancements.

Rising electricity demand -- and the choice of fuels used to generate
that electricity -- represent a key focus area, which will have a major
impact on the global energy landscape over the next two decades.
According to the outlook, global electricity demand will rise by more
than 80 percent through 2030 from 2005 levels. In the non-OECD
(Organization for Economic Co-operation and Development) countries alone
demand will soar by more than 150 percent as economic and social
development improve and more people gain access to electricity.

According to ExxonMobil’s Outlook, efforts to ensure reliable,
affordable energy while also limiting greenhouse gas emissions will lead
to polices in many countries that put a cost on carbon dioxide
emissions. As a result, abundant supplies of natural gas will become
increasingly competitive as an economic source of electric power as its
use results in up to 60 percent fewer CO2 emissions than coal in
generating electricity. Demand for natural gas for power generation is
expected to rise by about 85 percent from 2005 to 2030 when natural gas
will provide more than a quarter of the world’s electricity needs.
Natural gas demand is rising in every region of the world but growth is
strongest in non-OECD countries, particularly China where demand in 2030
will be approximately six times what it was in 2005.

Among this year’s findings:

Rapid economic growth and expanding prosperity in developing countries
that are not part of the OECD will drive an increase in their energy
demand of more than 70 percent in 2030 compared to 2005. By contrast,
improvements in energy efficiency will help keep energy demand in OECD
countries essentially flat over the period to 2030, even though the
total economic output of these nations is expected to rise by
approximately 60 percent.

Efficiency gains are expected to accelerate between 2005 and 2030
versus historical trends. Gains in the wise and efficient use of
energy across all sectors of economies worldwide will curb energy
demand growth through 2030 by about 65 percent.

There will be an expansion of natural gas supply, particularly in the
United States where unconventional gas supplies are expected to meet
more than 50 percent of gas demand by 2030.

Power generation is the largest and fastest growing major
energy-demand sector and is likely to represent 55 percent of the
total growth in demand through 2030. At that time, power generation
will account for about 40 percent of total primary energy demand.

Oil, natural gas and coal will continue to meet most of the world’s
needs during this period because no other energy sources can match
their availability, versatility, affordability and scale. The
fastest-growing of these fuels will be natural gas, reflecting its
abundance, versatility and economic advantages as an efficient,
clean-burning fuel for power generation.

Wind, solar, and biofuels will grow sharply through 2030, at nearly 10
percent per year on average. However, because they are starting from a
small base, their contribution by 2030 is likely to remain relatively
small at about 2.5 percent of total energy.

Cautionary Statement: The Outlook and this release contain
forward-looking statements. Actual future conditions (including economic
conditions, energy demand, energy supply sources, and efficiency gains)
could differ materially due to changes in law or government regulation
and other political events, changes in technology, the development of
new supply sources, demographic changes, and other factors discussed in
the Outlook and under the heading "Factors Affecting Future
Results" on the Investors page of our website at www.exxonmobil.com.
See also Item 1A of ExxonMobil's latest Form 10-K.

About ExxonMobil

ExxonMobil,
the largest publicly traded international oil and gas company, uses
technology and innovation to help meet the world’s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is the
largest refiner and marketer of petroleum products, and its chemical
company is one of the largest in the world.

Recent Stories

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil Announces Tom Walters to Retire, Neil Duffin to be President of ExxonMobil Production Company; Liam Mallon to be President of ExxonMobil Development Company. more »

Global demand to be about 35 percent higher in 2030 versus 2005;
demand in the developing nations will rise more than 70 percent

Natural gas will be fastest growing major energy source, overtaking
coal as the second-largest global energy source behind oil, and
serving as a reliable, affordable and clean fuel for a wide variety of
needs

IRVING, Texas--(BUSINESS WIRE)--Expanding prosperity for a growing world population will drive an
increase in energy demand of about 35 percent by 2030 compared to 2005,
even with significant efficiency gains, and natural gas will emerge as
the second-largest energy source behind oil, Exxon
Mobil Corporation (NYSE:XOM) said today as it released its new
edition of Outlook
for Energy: A View to 2030.

The growing use of natural gas and other less-carbon intensive energy
supplies, combined with greater energy efficiency in nations around the
world, will help mitigate environmental impacts of increased energy
demand. According to the Outlook, global energy-related carbon
dioxide emissions growth will be lower than the projected average rate
of growth in energy demand.

“Our energy outlook clearly points to a growing demand for energy
globally which reflects improving living standards for millions of
people around the world. ExxonMobil will continue to invest in
technology and innovation to develop new economic energy supplies to
help meet this demand while looking for ways to reduce environmental
impacts,” said Rex W. Tillerson, chairman and chief executive officer.

“The forecasts also show a shift toward natural gas as businesses and
governments look for reliable, affordable and cleaner ways to meet
energy needs,” Tillerson said. “Newly unlocked supplies of shale gas and
other unconventional energy sources will be vital in meeting this
demand.”

The Outlook for Energy is developed annually to help guide
ExxonMobil’s global investment decisions. The company shares the
findings publicly to increase understanding of the world’s energy needs
and challenges. The outlook is the result of a detailed analysis of
approximately 100 countries, 15 demand sectors and 20 fuel types and is
underpinned by economic and population projections and expectations of
significant energy efficiency improvements and technology advancements.

Rising electricity demand -- and the choice of fuels used to generate
that electricity -- represent a key focus area, which will have a major
impact on the global energy landscape over the next two decades.
According to the outlook, global electricity demand will rise by more
than 80 percent through 2030 from 2005 levels. In the non-OECD
(Organization for Economic Co-operation and Development) countries alone
demand will soar by more than 150 percent as economic and social
development improve and more people gain access to electricity.

According to ExxonMobil’s Outlook, efforts to ensure reliable,
affordable energy while also limiting greenhouse gas emissions will lead
to polices in many countries that put a cost on carbon dioxide
emissions. As a result, abundant supplies of natural gas will become
increasingly competitive as an economic source of electric power as its
use results in up to 60 percent fewer CO2 emissions than coal in
generating electricity. Demand for natural gas for power generation is
expected to rise by about 85 percent from 2005 to 2030 when natural gas
will provide more than a quarter of the world’s electricity needs.
Natural gas demand is rising in every region of the world but growth is
strongest in non-OECD countries, particularly China where demand in 2030
will be approximately six times what it was in 2005.

Among this year’s findings:

Rapid economic growth and expanding prosperity in developing countries
that are not part of the OECD will drive an increase in their energy
demand of more than 70 percent in 2030 compared to 2005. By contrast,
improvements in energy efficiency will help keep energy demand in OECD
countries essentially flat over the period to 2030, even though the
total economic output of these nations is expected to rise by
approximately 60 percent.

Efficiency gains are expected to accelerate between 2005 and 2030
versus historical trends. Gains in the wise and efficient use of
energy across all sectors of economies worldwide will curb energy
demand growth through 2030 by about 65 percent.

There will be an expansion of natural gas supply, particularly in the
United States where unconventional gas supplies are expected to meet
more than 50 percent of gas demand by 2030.

Power generation is the largest and fastest growing major
energy-demand sector and is likely to represent 55 percent of the
total growth in demand through 2030. At that time, power generation
will account for about 40 percent of total primary energy demand.

Oil, natural gas and coal will continue to meet most of the world’s
needs during this period because no other energy sources can match
their availability, versatility, affordability and scale. The
fastest-growing of these fuels will be natural gas, reflecting its
abundance, versatility and economic advantages as an efficient,
clean-burning fuel for power generation.

Wind, solar, and biofuels will grow sharply through 2030, at nearly 10
percent per year on average. However, because they are starting from a
small base, their contribution by 2030 is likely to remain relatively
small at about 2.5 percent of total energy.

Cautionary Statement: The Outlook and this release contain
forward-looking statements. Actual future conditions (including economic
conditions, energy demand, energy supply sources, and efficiency gains)
could differ materially due to changes in law or government regulation
and other political events, changes in technology, the development of
new supply sources, demographic changes, and other factors discussed in
the Outlook and under the heading "Factors Affecting Future
Results" on the Investors page of our website at www.exxonmobil.com.
See also Item 1A of ExxonMobil's latest Form 10-K.

About ExxonMobil

ExxonMobil,
the largest publicly traded international oil and gas company, uses
technology and innovation to help meet the world’s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is the
largest refiner and marketer of petroleum products, and its chemical
company is one of the largest in the world.

Recent Stories

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil Announces Tom Walters to Retire, Neil Duffin to be President of ExxonMobil Production Company; Liam Mallon to be President of ExxonMobil Development Company. more »